Kenya has reaffirmed its partnership with the World Bank Group as it continues to advance the country’s economic transformation agenda.
On Monday, October 13, 2025, in Washington, D.C., Principal Secretary for the National Treasury Dr. Chris Kiptoo held a bilateral meeting with World Bank Regional Vice President Dr. Ndiamé Diop, highlighting Kenya’s strong macroeconomic fundamentals and progress in fiscal reforms.
Kiptoo described the World Bank as a “key partner in supporting Kenya’s economic transformation and development agenda.”
He said the country’s stable economic performance reflects prudent management and ongoing reforms under President William Ruto.
The discussions focused on Kenya’s macroeconomic stability, characterised by low inflation, a resilient exchange rate, moderate interest rates, and foreign reserves sufficient for more than five months of imports.
PS Kiptoo noted that ongoing Liability Management Operations continue to strengthen debt sustainability and boost investor confidence.
The talks also highlighted government efforts to clear pending bills, a move that has revitalised the construction sector and restored trust among contractors and investors.
“We are addressing pending bills to stimulate economic activity and restore trust within the business ecosystem,” Dr. Kiptoo said. “This effort reinforces fiscal discipline while enhancing liquidity and supporting growth in critical sectors.”
Progress under the Development Policy Operations (DPO) framework was also reviewed, including the rollout of e-procurement systems, improved governance of State-Owned Enterprises, and the finalisation of Conflict of Interest and Social Protection regulations.
PS Kiptoo emphasised that these reforms are aimed at strengthening public institutions and ensuring sustainable growth.
“We are committed to building systems that enhance governance and ensure resources deliver maximum impact for Kenyans,” he said.
Both sides agreed to improve coordination through regular portfolio reviews involving the World Bank, the national government, and county governments. These reviews aim to address implementation bottlenecks and ensure that development projects are completed on time and benefit citizens.
Kenya also underlined its focus on job creation, particularly for youth, through initiatives in digitalisation, agro-processing, value addition, and affordable housing.
PS Kiptoo highlighted that these sectors form the backbone of the Bottom-Up Economic Transformation Agenda (BETA), which seeks to promote inclusive growth and equitable development across the country.
“Our engagement with the World Bank continues to focus on expanding impact across key sectors that directly touch the lives of Kenyans,” Kiptoo said. “These efforts reflect a deliberate and results-oriented approach under the leadership of His Excellency President Dr. William Ruto.”
The meeting concluded with both parties reaffirming their commitment to supporting Kenya’s reform agenda, deepening collaboration on fiscal management, development financing, and policy coordination, and strengthening Kenya’s position as a regional leader in transparent and growth-focused economic governance.